January 30, 2015 4:33 AM ET

Construction and Engineering

Company Overview of Mt Højgaard A/S

Company Overview

MT Højgaard A/S provides construction and civil engineering services in Denmark and rest of the Nordic countries. The company is involved in various civil works comprising concrete, concrete renovation, drainlaying, drilling and cutting, earthworks and roads, facade insulation and moisture barrier installation, infrastructure, marine works, piling, utility service infrastructure, and water supply and water treatment works. It also offers commercial construction and refurbishment services for domiciles; hotels; warehouses; multi-storey car parks; pharmaceutical and biotech facilities; production, storage and transportation facilities; and shops, shopping centers, and hotels, as well as design...

Knud Højgaards Vej 9

Søborg,  2860

Denmark

Founded in 1918

3,926 Employees

Phone:

45 70 12 24 00

Fax:

45 70 13 24 21

Key Executives for Mt Højgaard A/S

Chief Executive Officer
Age: 58
Chief Financial Officer and Member of Executive Board
Age: 49
Chief Executive Officer of Hojgaard Holding A/S
Executive Vice President
Age: 56
Executive Vice President
Compensation as of Fiscal Year 2014.

Mt Højgaard A/S Key Developments

RIB Software AG Signs an iTWO 5D Big Data Phase II Deal with MT Højgaard

MT Højgaar A/S from Copenhagen, Denmark and RIB Software AG have concluded a Phase II deal for the introduction of the iTWO 5D Big Data end-to-end enterprise solution end of December 2014. The deal includes the iTWO 5D Big Data Platform with the web-based tender platform iTWOtx and the new web-based iTWOcx from Denmark.

Mt Højgaard A/S Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revised Group Earnings Guidance for the Year 2014; Provides Group Operating Margin Guidance for the Year 2015

MT Højgaard A/S reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of DKK 1,716.9 million compared to revenue of DKK 1,865.2 million for the same period a year ago. Operating loss was DKK 140.6 million compared to operating income of DKK 40.0 million last year. Loss before tax was DKK 140.0 million compared to profit before tax of DKK 33.2 million last year. Loss after tax was DKK 157.0 million compared to profit after tax of DKK 26.7 million last year. Loss attributable to the shareholders of the company was DKK 171.1 million compared to profit attributable to the shareholders of the company of DKK 10.6 million last year. Cash flows from operating activities were DKK 95.6 million compared to cash used in operating activities of DKK 25.2 million last year. Purchase of property, plant and equipment was DKK 16.7 million compared to DKK 24.5 million last year. For the year to date, the company reported revenue of DKK 4,935.0 million compared to revenue of DKK 5,213.5 million for the same period a year ago. Operating loss was DKK 319.8 million compared to operating income of DKK 22.5 million last year. Loss before tax was DKK 319.4 million compared to profit before tax of DKK 9.6 million last year. Loss after tax was DKK 338.5 million compared to profit after tax of DKK 8.9 million last year. Loss attributable to the shareholders of the company was DKK 388.7 million compared to profit attributable to the shareholders of the company of DKK 56.9 million last year. Cash flows from operating activities were DKK 262.9 million compared to cash used in operating activities of DKK 185.2 million last year. Purchase of property, plant and equipment was DKK 93.3 million compared to DKK 99.1 million last year. Return on equity (ROE) was negative 34.7% compared to 0.8% last year. The company revised earnings guidance for the year 2014. The company expects revenue of around DKK 7.0 billion for 2014 compared with the previous outlook of DKK 7.0-7.5 billion, and an operating result (EBIT) of DKK 175-200 million, equivalent to approxmately 2.5% before special items (old offshore disputes), compared with the previous outlook of DKK 150-225 million. For the full year, the company expects a tax rate on the operating result before special items at the lower end of the Danish tax rate. The group still aims to achieve an operating margin (EBIT) of 5% by the end of 2015.

Mt Højgaard A/S to Report Q3, 2014 Results on Nov 19, 2014

Mt Højgaard A/S announced that they will report Q3, 2014 results at 3:00 PM, Central European Standard Time on Nov 19, 2014

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